In December 2024, Mexico saw its industrial production dip further, reaching a decrease of 2.7% on a year-over-year basis, representing a pronounced decline from the previous month's figure of -1.4%. These latest industrial production statistics were updated and released on February 11, 2025.
The downward trajectory in Mexico's industrial performance follows a concerning trend, with the latest figures revealing a sharp decline in the sector's output compared to the same month in 2023. November's figures had already highlighted challenges, with a 1.4% year-over-year fall, yet December marked an even steeper descent.
Market analysts and policymakers are likely to scrutinize these developments, considering potential causes such as global economic conditions, domestic challenges, and sector-specific issues that might be influencing the production output. The data underscores the need for strategies aimed at revitalizing Mexico's industrial capabilities and ensuring more robust growth in the future.
